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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 8-K
 CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 Date
of Report (Date of earliest event reported): February 22, 2006
 NORTH POINTE HOLDINGS CORPORATION
  Michigan
    
    000-51530
    
    38-3615047(State or other jurisdiction
of incorporation)
    
    (Commission
File Number)
    
    (IRS Employer
Identification No.)
 28819 Franklin Road, Southfield, Michigan
    
    
    
    48034
 
 (Address of principal executive offices)
    
    
    
    (Zip Code)
 Registrants telephone number, including area code
    
    (248) 358-1171
  o
    
    Written communication pursuant to Rule 425 under the Securities Act.o
    
    Soliciting material pursuant to Rule 14a-2 under the Exchange Act.o
    
    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.o
    
    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.




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TABLE OF CONTENTS  Item 1.01 Entry Into A Material AgreementItem 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a RegistrantItem 7.01. Regulation FD Disclosure.Item 9.01. Financial Statements and Exhibits.SIGNATURESEXHIBIT INDEXPress Release dated February 28, 2006    Table of Contents  
 Item 1.01 Entry Into A Material Agreement
     Early Redemption.
 (i)
    
    the receipt by the Company and the Trust of an opinion of counsel experienced in such matters
to the effect that, as a result of any amendment to or change (including any announced
prospective change) in the laws or any regulations thereunder of the United States or any
political subdivision or taxing authority thereof or therein, or as a result of any judicial
decision or any official administrative pronouncement (including any private letter ruling,
technical advice memorandum or field service advice) or regulatory procedure, including any
notice or announcement of intent to adopt any such pronouncement or procedure (an
Administrative Action), regardless of whether such
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judicial decision or Administrative Action is issued to or in connection with a proceeding
involving the Company or the Trust and whether or not subject to review or appeal, which
amendment, change, judicial decision or Administrative Action is enacted, promulgated or
announced, in each case, on or after the date of original issuance of the Debt Securities,
there is more than an insubstantial risk that: (a) the Trust is, or will be within 90 days
of the date of such opinion, subject to United states federal income tax with respect to
income received or accrued on the Debt Securities; (b) interest payable by the Company on
the Debt Securities is not, or within 90 days of the date of such opinion, will not be,
deductible by the Company, in whole or in part, for United States federal income tax
purposes; or (c) the Trust is, or will be within 90 days of the date of such opinion,
subject to more than a de minimis amount of other taxes, duties or other governmental
charges; or(ii)
    
    the receipt by the Company and the Trust of an opinion of counsel experienced in such matters
to the effect that, as a result of a change in law or regulation (including any announced
prospective change) or written change in interpretation or application of law or regulation by
any legislative body, court, governmental agency or regulatory authority, there is more than
an insubstantial risk that the Trust is or, within 90 days of the date of such opinion will
be, considered an investment company that is required to be registered under the Investment
Company Act of 1940, as amended, which change or prospective change becomes effective or would
become effective, as the case may be, on or after the date of the original issuance of the
Debt Securities.
 Indenture Events of Default.
 (a)
    
    the Company defaults in the payment of any interest upon any Debt Securities when it becomes
due and payable (unless the Company has elected to defer interest payments under the
Indenture), and continuance of such default for a period of 30 days;(b)
    
    the Company defaults in the payment of all or any part of the principal of (or premium, if
any, on) any Debt Securities as and when the same shall become due and payable;(c)
    
    failure of the Company to observe certain covenants under the Indenture for a period of 90
days after receipt of notice of such failure;(d)
    
    a court having jurisdiction in the premises shall enter a decree or order for relief in
respect of the Company in any involuntary case under any applicable bankruptcy, insolvency or
other similar law now or hereafter in effect, or appoints a receiver, liquidator, assignee,
custodian, trustee, sequestrator (or similar official) of the Company or for any substantial
part of its property, or orders the winding-up or liquidation of its affairs and such decree
or order shall remain unstayed and in effect for a period of 60 consecutive days;
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(e)
    
    the Company shall commence a voluntary case under any applicable bankruptcy, insolvency or
other similar law now or hereafter in effect, shall consent to the entry of an order for
relief in an involuntary case under any such law, or shall consent to the appointment of or
taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or
other similar official) of the Company or of any substantial part of its property, or shall
make any general assignment for the benefit of creditors, or shall fail generally to pay its
debts as they become due; or(f)
    
    the Trust shall have voluntarily or involuntarily liquidated, dissolved, wound-up its
business or otherwise terminated its existence except in connection with (i) the distribution
of the Debt Securities to holders in liquidation of their interests in the Trust, (ii) the
redemption of all of the outstanding Capital Securities or (iii) certain mergers,
consolidations or amalgamations, each as permitted by the Amended and Restated Trust
Agreement.
   
 Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet
Arrangement of a Registrant
  
 Item 7.01. Regulation FD Disclosure.
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Item 9.01. Financial Statements and Exhibits.
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SIGNATURES
  Dated:  February 28, 2006
    NORTH POINTE HOLDINGS CORPORATION(Registrant)By:
    /s/ James G. PetcoffJames G. Petcoff Its:
    Chief Executive Officer 6




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EXHIBIT INDEX
 Exhibit Number
    
    DescriptionExhibit 99.1
    
    Press release dated February 28, 2006
 7